Forex Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
US Dollar/Somali Shilling (FOREX:USDSOS)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for USDSOS
The long term trend has been DOWN since Mar 12th, 2018 at 578.415
The intermediate term trend has been UP since May 1st, 2018 at 580.005
The short term trend has been UP since May 15th, 2018 at 577.565
Smart Scan Analysis for USDSOS
Based on a pre-defined weighted trend formula for chart analysis, USDSOS scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).